Gold News & Info

Source: Marketwatch

New York— Gold futures closed slightly lower Tuesday, as gains in the dollar weighed on the precious metal. Gold for December delivery ended down $1.20 at $679.70 an ounce on the New York Mercantile Exchange. On Monday, gold had another uneventful trading session, closing down 70 cents at $680.90 an ounce.

"For the moment, gold remains comfortable within the boundaries of its recent range between $658 and $675, but overall the outlook is still supportive for higher prices as investment demand sees steady growth, while producers continue their de-hedging programs," said James Moore, analyst at TheBullionDesk.com, in a research note. See full story.